The pound euro (GBP/EUR) exchange rate is holding steady below €1.1550 after small gains last week.
The pound is rose last week after UK GDP data was upwardly revised showing a stronger recovery from the pandemic.
Attention is now on UK manufacturing PMI data which is expected to confirm 44.2 up from 43 in August. The level 50 separates expansion from contraction.
The euro fell last week after eurozone inflation eased to 4.3% YoY, down from 5.2% in August. The data supports the view that the ECB has reached the end of the hiking cycle.
Eurozone manufacturing PMI data is expected to show that activity slowed further to 43.4 from 43.5.
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